Market dynamics have changed since Elliott Wave Principle was originally discovered and applied in 1930’s. Market doesn’t trade based in crowd psychology any more. It follows patterns with validation and invalidation levels. After years of research, we have created a trend following pivot system to help us stay on right side of the market. We have developed NEW Elliott Wave Theory in which we combine the old Elliott Wave Theory with Algos and have added new rules to take the total number of rules up to 18. In this video, we look at GBPUSD analysis using NEW Elliott Wave Theory.
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